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nominee. while the editors praise president obama's early efforts to revitalize the economy through his stimulus plan, it concluded his record on the economy the past four years does not suggest he would lead in the direction the nation must go in the next four years. joining me now for the politics of weather and everything else is obama campaign senior advisor david axelrod. good morning, david. let me start here with the storm. when you look at virginia where this is likely to be the swing state most affected, does anything worry you about that state being more or less paralyzed by weather for a couple three, four days? >> well, the first thing i think we should say is we're most concerned about people. this storm could affect 50 million americans. the president has been in close contact with fema and dhs and all the agencies that have responsibility here to make sure we're doing everything we can for people, and that's what he is going to continue to do throughout this -- throughout this storm, and in terms of how it affects the election, i don't think anybody really knows. obviousl
of the "wall street journal," economy grows at 2% pace. consumers, government spending, powered third-quarter gains, but growth likely to slow down. and that's what we want to talk to you about for the first 45 minutes of this edition of the "washington journal." good morning. today is saturday, october 27. we want to talk to you about your optimism or pessimism about the economy. things getting better? things getting worse? are you doing all right? could you be doing better? we want to talk to you about the economy, your optimism, and your pessimism in terms of your personal economy and not necessarily how you feel the candidates will do, what they might do for the economy once they get elected. 202-585-3881 for republicans. for democrats, 202-585-3880. for independents, 202-585-3882. and you can also reach out to us via social media. the address on twitter, @spanwj. facebook.com/cspan. and email, journal@c-span.org. more from the article this morning from the "wall street journal," economy grows at 2% pace. josh mitchell and refugee write -- -- and jeffrey write -- host: we'll take
campaign experts. >> i think if you look at the president has done with the economy, it is very far reaching, just across the country women have access to capital to start small business, let's not forget his very, very first bill that he signed in to law was lily ledbetter fair pay act. it's a tremendous accomplishment. i think that shows his devotion and his commitment to women. >> first thing you have to ask is, what are women concerned about today, it's jobs, job security, opportunities for themselves and for their loved ones and in particular for their kidss there a brighter future. this is mitt romney's message to women to all americans. is that he is going to put in to place economic policies that will create growth which will create the jobs, be the ergy to small businesses start growing again. >> we asked the experts whether reproductive rights is a decisive issue for women voters this year. >> it is for the barack obama campaign. they think that's the way they're going to keep their women. suggest that women would vote about who's going to pay for their contraception, that
days left to vet two choices for president. 11 days left before we decide who will oversee the economy and security and well-being for the next four years by a wide margin. the most important issue to every group polled says the economy and jobs is the number one issue to americans. that in mind, let's take a look at the two candidate, what they're doing today. governor romney has been delivering a major economic address to voters in iowa. >> this is not the time to double down on trickle-down government policies that have failed us. it's time for new bold changes that measure up to the moment. that can bring america's family to certainty, that the future will be better than the past. >> eric: president obama on the other hand, has a different agenda. today he is hanging out with mtv. look, it doesn't matter what you think of romney. what matters is this. do you really want four more years of obamanomics? check out the latest poll from abc/"washington post." when asked who do you trust more to hand the economy? romney 45 #%. president obama 43%. nine-point difference is huge. we have 1
the economy grew at a 2% annual rate in the third quarter. that's better than expected, and up from 1.3% in the second quarter. where's the economy cooking? we asked anthony mason to show us. >> reporter: from its storefront in plainfield, new jersey, e & a restaurant supply ships out everything from stoves to plates and silverware. owner joel green says restaurants are opening again and that's been good for business. >> things definitely have picked up but it's been fairly strong all the way since april up until this point. >> reporter: green says the uncertainty surrounding the election is making business owners more cautious, but he likes the direction his business is headed. >> if it keeps rolling the way it is, i see it being strong. >> reporter: the 2% growth in the economy nationally in the third quarter was fueled in part by consumer spending, which rose 2%, and by a housing market that's showing increasing signs of life. but a 13% jump in defense spending by the government played the biggest role. without that increase, the economy's growth rate would have been only 1.4%. thi
headway on the economy. back in july, obama had a 16-point lead on that measure. today, it's tied. did you wait too long? >> absolutely not. i mean, you know, it's interesting that you're pointing out your national tracker poll but in the virginia poll that you just cited we are beating romney in terms of who do you trust to get the economy going? in terms of the president's plans, we're happy to talk about them. we ran a two-minute ad on it. we have been campaigning across the country on this plan. you know, whether it's putting the best trained workers all over this country. bringing jobs back to this country. rather than sending them overseas or doing some nation-building at home. we're ending two wars. these are big plans and the president laid them out at the convention and it's a second term of an obama presidency will mean. it stands in sharp contrast to romney romney's. we can look at these polls a million different ways. they all say something different. at the end of the day, we're focused on getting the president across the country. meeting as many voters as possible. and invest
for a speech on the economy on his economic plan. according to the latest polling average, president obama holds a % lead in this state. this is about 35 minutes. ♪ >> hello everybody, how are you doing? you live in iowa and you live in a battleground state. let me say that again because i don't think i've said that in all the years i've been in politics. we're a battleground state this year and that makes it very important. and i'm glad i have the opportunity to welcome the next president of the united states. and i know it's cool and you feel the chill but also you feel the momentum of romney being the next president of the united states. [applause] now you folks all know people who voted four years ago for president obama. you know that he promised partisanship and to reduce the deficit by half, that he was going to give us accountable government, that he was going to reduce your health insurance by $2500. today we have would have 5 and 6% unemployment instead of 8 and 9%. that was all part of economic recovery, wasn't it? this president has not delivered on his promised of 2008 and t
. donate today. >> steve: it will be the last major report card on the economy. the labor department releases monthly unemployment rate. right now it stands at 7.8 percent. economist expect it to go up to 7.9 percent. it is estimated that employers added 125,000 jobs last month and that is up from september and fall short of what is needed to cut the jobless rate. we'll bring that number to you live as it is released from washington. meanwhile new accusations. votes switched from mitt romney to obama. rnc learned of cases in nevadathey are asking the states to recalibrate all of the machines. and have additional technician on hand and use signs to make sure people check their vote. there is no evidence of problems but check your ballot, gretch. >> gretchen: 47 out of 51 times the presidential candidate who won the popular vote has won the electoral. experts believe that mitt romney will win the popular and president obama will take the electoral college and win the white house. can that happen again? what do you think about that, pete? >> i think and firmly believe that mitt romney w
. big, big hit to the economy. >> paul, thank you so much. i know you're going to be with us for the next few days as we continue to work through hurricane sandy. thank you, paul. >>> all right. tyler, over to you. >> thank you, sue. hurricane sandy of course bearing down, point pleasant, new jersey. some utilities bracing for the worse. we just talk a little bit about that. warning customers that they could be out of power for a week, ten days, maybe more. what kind of damage are we talking about here and will some utilities perform better than others. greg gordon is senior managing director at isi group. mr. gordon, welcome, good to see you. can any utility that will be affected by this storm be described as a potential winner? >> no. look, these companies are regulated. they are -- they make fixed rates of return on the infrastructure and their job is to provide service. when you have a natural disaster of this proportion, their job is to restore that service as quickly as possible. i've been on the phone and talking to ceos of a bunch of companies since yesterday morning.
looking for full-time jobs. under an employment a 40% of the economy. -- underemployment making up 40% of the economy. many people on food stamps. that is the failure, but americans are not quitters. we can turn the ship around and we will turn this ship around. we will put america on a new path to a new day with the new .resident, mitt romney [cheers and applause] you know, you have had a new energy since the first debate. you know why? for the first time, the people of this country were able to see the real mitt romney instead of instead of what the chicago henchmen were portraying him in six months of advertising. you saw a person standing there with the president of the united states who is practical who is compassionate, who is humble, who is trustworthy and you saw a president with all the air go out of him. he's not the obama that everybody thought he was. now, president obama once said in a previous campaign, and let me quote here exactly, if you don't have a record to run on, then you make big elections about small things. so is there any wonder why you're hearing from the ot
. >> we will continue the discussion about the economy, and whether the math really adds up for the deficit. we will look at some of the numbers, all of that on the other side of the debate. please stay with us. welcome back to the continuation of our debate. with us today, congressman allen west and patrick murphy. we will continue our discussion with george bennett. >> we left hanging on the deficit. you are opposed to raising taxes. the deficit this past year was $1.1 trillion. if you are not going to raise taxes, what are the things you can cut to get close to erasing a $1.1 trillion deficit? >> we should be about $230 billion, but we have to look at agencies that were created that are not meeting up to their mission. you look at the department at energy that was created when i was a teenager. it was to make the united states energy independent. what has happened with that department over the last 40 years? we look at the expansion of the government and education. when we separated education out of health, education, and welfare. we have spent more money at education at
will come back on. the cost to the economy is estimated to be in the tens of billions of dollars. ouret's talk to correspondent who is in new york. i think they had all sorts of analyses. it was even worse than what they thought. >> i think the worst fears were confirmed last night when the storm came in all across manhattan playing havoc with public transport systems. floods have leave to many residents stranded. we have also seen some pretty devastating pictures of fires. this is in the borough of queens in new york state. this fire we believe destroying at least 50 homes caused by the power short circuits that have really taken hold and damaged so many buildings. just one of the big problems that the authorities here are dealing with. floods taking control of seven of the subway tunnels connecting manhattan to neighboring boroughs. they are not entirely flooded. the tunnel that connects manhattan to other parts also flooded and many of the road in and around lower manhattan are now completely under water which has an effect on the power. many of the power lines have been affected. wa
that will pull us together. also with the economy which is another big sticking point. we are supposed to have constitutionly -- the congress is supposed to take care of our monetary policy but since we shrugged that off to another entity and it's not doing a good job of it. these are the things i want to get back to doing as a congressman if you will elect me, we will see a lot -- we will see things happen differently in this country. >> let's get to some of the questions, one thing people are wondering about is the economy. 16 trillon dollars in debt. unemployment at 8%, housing market is a mess. what would do you? >> you have to face it by addressing monetary policy. this is something that congress ignores even though we try to fix small things here and there. we are going to mess with this housinmarket, just try to -- increase jobs over here through the government expansion of some sort of program or another. the real thing that boils down is the economy is where the money comes and what it's made of. the fact we have a federal reserve that's about to again do another round of easing, th
already struggling economy? storm the cost about $20 billion in damage. some predict 30 billion. in last business activity for more joining me now maryland economist, peter morici. welcome back, you had a number i saw nowhere else in estimates total costs, of this storm, you said 35 to 45 billion-dollars, how do you get there? >> we will have about 20 million in property loss. initial estimates are 5 to 10, for irene they were 7, but irene was closer to 20, i think they will be as bad. but now, look at all stores that are closed, flights that have not gone out, hotels and businesses onshore and new york city that are down for 4 days, that is a loss of income. that is 20 billion that gets me to 40. gerri: wow, okay that makes sense. people underestimate the costs. i read new york city alone is an economy with $4 billion that pumps out $ 4 billion every day, times 5 is $20 billion, not just damage you repair. it is also the loss of productivity, workdays, loss payroll, it could be far more devastating than we've been talking babout, you also said, in short term painful but longer term we g
the economy. that has been the message in manassas. >> these are critical times in this country and so you have a choice. america is going to have a choice. he city cannot fix washington from the inside. we will give him that chance. will have 40 straight months of unemployment above 8%. there were fewer new jobs created this month than last month. >> paul ryan has also made frequent visits to virginia. >> do we want to stay on the path that president obama has placed a son? i take it as a no. >> ryan brought the message back to jobs. >> he said this would create jobs and prevent unemployment from getting about 8%. >> another circuit has been his wife ann. he hasshe insists women also need to focus on the economy. >> as we now this economy has had women harder than men. it has been much tougher on them. >> virginia has been the selected site for other major romney messages. he chose emi for his foreign policy address. >> i know the president hope for a safer and prosperous middle east. i share this hope but hope is not a strategy. >> as he did in the debates romney asserts -- inserts the e
better if we intend to compete in the global economy. last year, i traveled to china, and i visited several universities. the gnarl investment -- national investment in these universities, research facilities, and higher education is something to behold. over the last 30 years, china has had a 58-fold increase in spending in education, health, and social investments. according to o report from the center for american progress, by 2030, china will have more than 200 million college graduates, more than the entire u.s. work force. in five years, india will be producing five times as many college graduates as the united states. these are the facts that drive the decisions we must make as we position penn state to succeed in the future. part of that strategic planning requires getting out and staying out in front of the information technology revolution, which has been among the most significant drivers of educational change in the last 15-20 years. it's also been like a run away train. one response to the higher education funding crisis has been increased appeals, especially from legis
knew the economy was still the main thing. so you knew you wanted to go with the economy. >> cenk: oh, you climate change people. it's like a little niche that care about the planet, that care about giant storms hitting us left and right and care about record temperatures being broken and record floods and record floods. you climate change people, we didn't have time for you. that's only the planet. that's the media ignoring planet change. how about the republicans? well, of course they think it's a joke. listen to what romney said during his convention acceptance speech. >> president obama promised to begin to slow the rise of the oceans. [ laughing ] and to heal the planet. my promise is to help you and your family. [ cheering ] >> cenk: unless of course your family is in the middle of hurricane sandy good luck to you. i'm not going to help you at all. they literally think the climate change is a punch line. the planet, it's getting warmer. isn't that funny as your family is in great danger over it. ha ha, ha, ha, yeah, really funny. really appreciate it. who are the people who are
the impact on our first responders. i'm worried about the impact on our economy and on transportation. the election will take care of itself next week. right now, our number one priority is to to make sure that we are saving lives that are search and rescue teams will be in place and people will get the food, the water shs the shelter they need in case of emergency and we respond as quickly as possible to get the economy back on track. >> the election will take care of itself. that was president obama addressing reporters earlier today at the white house. this is one of the things you can't really predict in terms of the effect on a presidential campaign. this massive storm, a storm of more than regional, basically national significance. it's hit the pause button on a presidential campaign. it's hard to know how it's going to play out exactly. mostly because we don't know what the overall impact of the storm itself is going to be. the defacto suspension of the campaign itself today and the handling of this crisis by president obama and to a lesser extent mitt romney made themselves be
the american economy was in the golden age of economic prosperity. a rising tide was lifting all boats. the economy had grown rapidly. the wages of most workers have been growing faster than the rate of theinflation. almost no one talked about poverty. book not only change the discourse but the public policy landscape. he wrote "there is a familiar america that has the highest standard of living the world has ever known. that is not change the fact that tens of millions of americans are at this very moment existing at levels of been need those necessary for human decency." a short time later. the article appeared in the new yorker called "our invisible port." they said "the extent of our poverty has suddenly become visible." it is said that walter heller gate kennedy both the book and the new yorker review. most people and he read only the review. he did tell carrington to begin to put together some proposals to reduce poverty. last chapters he wrote "there is no point to tell the institutions of a war on poverty. there's information enough for actions. all that is lacking is the polit
%. they did beat estimates even though the cfo said he's seen evidence of a weak economy all around us. you were talking about climate change and this issue of whether it's responsible for some of the weather changes that we've seen. munich re had created a bit of a firestorm when it put out a report noting that north america was seeing mcs in unusual events and attributed it to climate change. it caused quite a stir at the time. back to you. >>> coming up, chris christie touring the carnage. millions still without power. mass transit trying to get back to line. we'll get a progress report. >>> this morning not a lot of movement. yesterday the sale. things orderly in the first day of trading since everything was shut down because of sandy. this morning futures down by about two points. nasdaq up by about 2 1/4 points. >>> jfk and newark airports both operational on wednesday, but saw very few flights. jpk is seeing more arrivals than departures, but net back to normal. courtney reagan is at laguardia this morning. >> reporter: good morning. so we haven't yet seen a plane take off here. the
our economy. newspapers called it "economically destructive." like allen's votes to give tax breaks to companies... that ship jobs overseas, his economic plan would... help big corporations, devastating the middle class. allen even voted against tax breaks for small businesses. virginia can't afford to go back to george allen. the democratic senatorial campaign committee... is responsible for the content of this advertising. what mitt romney's tv ads say about women? or what mitt romney himself says? mitt romney: do i believe the supreme court... should overturn roe v. wade? yes. and it would be my preference that they, that they... reverse roe v. wade. hopefully reverse roe v. wade. overturn roe v. wade. planned parenthood, we're going to get rid of that. i'll cut off funding to planned parenthood. anncr: no matter what mitt romney's ads say. we know what he'll do. president obama: i'm barack obama and... i approve this message. >>> you're looking to get more bang for your buck in higher education? you're in a good place. this year four d.c. schools have been named the list of the
is the state of the economy and we're slow in recovering. in iowa things are pretty good. 5.2% unemployment rate, so i'm wonderi wondering, are people in iowa feeling more like unemployment is at 5% or more like unemployment is at 7.8%? >> i think that depends on who you ask and when you and. if you talk about -- it's interesting to watch republicans, for example, in charge of the state, republican governor, for example. simultaneously touting the fact that the economy is on the move under his administration, and yet, you know, making the point that nationally the economy is still in bad shape. i think that iowa voters have been pretty clear that they feel better about the way things are going until the state than about the nation. you know, obviously, we're all paying attention to the national news, you know, here today in iowa. everyone is hanging on the news about hurricane sandy and what's happening to our friends on the east coast. so, you know, people do pay attention to the national and not just what's going on in their own neighborhood. >> what jumped out at me about this endorsemen
of that on top of already tough, tough economy. major department stores can derive 10% of sales from manhattan locations. a very big impact expected on the economy. the labor department releasing the final weekly jobs report before the presidential election. it shows 358,000 americans filing for first time jobless benefits. that is drop of just 9000. take a look back so you can keep it into perspective there is look since the start of the recession. we have little change since january when weekly jobless claims dropped to 360,000. tomorrow we get the last big monthly jobs report as the october number comes in. let's bring in fox business network stuart varney for a look at this. good mornings, stuart. what lies ahead? >> that is a difficult question to answer. looking at the numbers we received today from a couple of reports you can probably say tomorrow 8:30 eastern time there were roughly, 120,000 new jobs created last month. that is a very rough estimate looking at today's numbers. now let me go into today's numbers, they are politically loaded because they present a snapshot of the economy
that the president had failed to fix the struggling economy and there was no sign that would change with a second term. >> glor: jan crawford, thank you. ohio has been visited by the candidates more than any other state its and with good reason: winning the election will almost surely include winning ohio. dean reynolds is also there tonight. >> the chevy plant in lords town, ohio, is humming today, with workers toiling three shifts a day where they once worried it might close. many democrats credit the auto industry's rebound to the bailout engineered by the president. >> if mitt romney had been president when its auto industry was on the verge of collapse, we might not have an american auto industry today. >> reporter: chicago mayor and former chief of staff rahm emmanuel spoke today on "face the nation." >> because of the president's decision against conventional wisdom out of washington and new york, those auto jobs are being added. and america is now adding auto jobs. >> reporter: that may account for why the president is running better among men here in ohio. trailing mitt romney by six poi
at a time when we are dealing with a clip and a fragile economy. >> one way or the other it has to be paid for. it requires a supplemental appropriation. first of all, there is enough money director fugate says for the fema part of the recovery, i think we voted $6.1 billion in the budget. there is enough in the fund right now. director fugate says. as far as the improvements that will have to be the supplemental appropriation and we'll have to have that be accounted for. but one way or the other, we'll have to have that be done. it is enormous not to improvement. it could have long-term economic consequences. we'll have to see what it is going to be. we'll have a commitment to make sure it is going to be done. >> thank you so much for joining us. >> millions are without power tonight. coming up. we'll ask the guy who runs the east coast utility companies when and how he plans to get that back on the grid. >> sandy, the path of destruction. there are a lot of warning lights and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. ava
. that's true, it's terrible, anne they will hurt the economy, but those are short-term in nature. and recoverable. i'm urging you to step back and take a look at the bigger picture. tens of thousands of homes experienced damage from sandy. those that are insured for storm damage will get their insurance checks and put thousands of contractors back to work, new begin sum -- gypsum board, new appliances and finally painting up a storm. the recent decline since blowout quarter. that's not the real spurt of the economy. that's also short-term. those homeowners who were directly in the path of sandy, and there were tens of thousands of homes that were, they can't begin to rebuild without government help, because many of them live on roads that have vanished. yes, vanished. so many roads need to be rebuilt. not just homes. but government provided infrastructure. it rises to national emergency. while the level of partisanship in politics has been horrendous lately, i don't care what party you're in, the spirit of cooperation we saw today between democratic president barack obama and new
america that has a 21st century economy running on a 21st century foundation. >> schieffer: what happened to the women's vote? the prfs the way ahead. that seems to be closing. are you going to be able to get that back? >> i'm here in ohio. i just checked the early vote. the president is up almost two to one over mitt romney. and that's an indication that the field operation, the communication strategy, and the message of a resurgence of strengthening middle class is essential. and also the choice that women have to face on a host of issues from economic to health care issues that i think the president's message is right for them. if you look at the early votes in iowa, ohio, florida, the president's campaign is actually-- an investment that he made in the "get out of vote" effort identifying their voters is starting to pay off because they're beating all their numbers from '08. >> schieffer: we have to stop you there. the clock ran out. back with personal thoughts nay second. >> thanks, bob. born with. something you'r and inspires the things you choose to do. you do what you do... becaus
the final weekend with events in wisconsin and ohio. >>> the last major snapshot of the economy before the election will be released today. the labor department will unveil the unemployment numbers this morning. economists are expected that will the economy will have added about 1 -- 125,000 jobs in october. which would be enough to get the unemployment rate to 7.9%. it will actually go up just one tenth of a percent. >>> military trucks will be used as election day polling stations in new jersey in communities that were battered by sandy. they're going to be parked at polling places that don't have power and also extending deadlines for mail-in ballots because of sandy. return them no later than the close of polls on tuesday. >>> early voters in maryland have been spending some of their time waiting in some pretty long lines. some sat in lines for 15, 20 minutes. others for hours. early voting hours in maryland have been extended through today and they will be open from 8:00 a.m. through 9:00 p.m. >>> a nationwide man hunt for a suspected bomber from northern virginia comes to an end
the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. . >>> residents of char lsten and other cities are awaiting sandy's approach. the exact time and location of landfall, who knows. the storm is currently in the atlantic ocean. meteorologist alexandria steele will be along with the latest on is the storm's path. >>> sandy is expected to have a major impact on land and in the air. now, right now, amtrak says all of its trains are operating as scheduled. crews, of course, monitoring tracks throughout the northeast, though. >> meanwhile, several airlines are revising their change fee policies ahead of the storm. what they charge you if you want to fly at a different time. you have to check with your specific carrier for the details. >>> all right, let's move you to syria. evidence that a cease-fire is not holding right now. it was called to mark a muslim holiday. >> 12 people have been killed today. 150 other
regulations on the banks that crashed our economy. medicare voucherized. >> reporter: i think it's fair to say that four years ago early voting helped obama win the white house. the same thing is being said this year, that a lot of voters will come early and vote before election day. this is our new poll out in ohio. among those voting early, you can see the president has a big advantage there, 58% to 39%. mitt romney has the advantage. the romney campaign says they're doing much better than john mccain's campaign. >> just getting back to florida real quickly, you mentioned mitt romney's events there, one exactly where you are at the moment. but what is he going to be focusing on specifically in florida? who is he targeting? >> reporter: he's going to be targeting early voters for sure, but also he's going to be targeting those remaining undecided voters. also one of the other missions today is to kind of excite the base, the republicans and conservatives here in florida and get them out to the polls. he's going to be joined in all three stops by senator marco rubio, the freshman senator here,
and the entire economy was growing. we will have to make some tough choices. a balanced approach is the only approach i believe will get us there. >> your rebuttal? >> it is amazing to me that you can stand here, having voted for a trillion dollar deficits for the last four years, the largest, fastest debt increase in american history, can say that we have to control spending. you have done nothing to control spending over the last four years. with respect to cut, cap, and balance, it's amazing to me that the idea of cutting wasteful spending, capping the ability of congress to spend money we don't have, and balancing the budget is extreme. i think it would force congress to set priorities and stopped funding in things like solyndra and prioritize things like social security, medicare, and education. that's why i support a balanced budget amendment to the constitution. >> the race to succeed the retiring new mexico senator is just one of the key house, senate, and governor's races you can follow on c-span, c-span radio, and at c-span.org. >> more campaign 2012 coverage next, to milwaukee, wi
with the comfort of a sedan and create a next-gen s.u.v. with best-in-class fuel economy of 26 miles per gallon, highway, and best-in-class passenger roominess? yeah, that would be cool. introducing the all-new nissan pathfinder. it's our most innovative pathfinder ever. nissan. innovation that excites. ♪ >> bret: blustery and wet white house. hurricane sandy emptied out towns, businesses and transit systems and political rallies. as the presidential campaign enter the home stretch with just eight days to go. the weathers forced dramatic change of plans. we have chief coverage. chief political correspondent carl cameron is with romney campaign in iowa. ed henry is not. with a look at how president obama is handling this emergency, much differently than the last. good evening, ed. >> the president took heat from how he reacted to benghazi. so they are struggling and scrambling to stay on top of the storm with the rain and wind whipping around in washington. aides say the president stuck here and off the campaign trail until wednesday. >> i just received a full briefing from energy response tea
will have on the economy, we are joined by fox news editor liz macdonald. let's start with just the straightforward. i mean, the markets closed for a couple of days. millions of people not able to get to work. i mean, this is going to have an extraordinary impact on the consumption economy as well. >> i think you're right. well we doing is compiling this. what were getting from economists to work a wall street shops and down in washington d.c., what strikes me is there has been a lot of comparisons to hurricane katrina. i would say that is not the comparison because we are talking about the most impact -- densely populated by the rebels judge of the united states where one-fifth of the u.s. economy is down -- generated, of death of the population lives in the theft of car sales, fifth of housing whereas the trend was narrowly focused. it was a tragic event. this is more like a hurricane that hit in 1938 that helped cars out and create that hamptons and east in the long end. certainly possibly this hurricane redefining the coast of new jersey in similar fashion , but over talking
designates 36 bank holding companies as liable to create the instability in the u.s. economy if they fail. in addition, it goes on to permit the financial stability oversight council. it designates an unknown number of additional nonbank institutions that could create instability in the u.s. economy. now what does it mean when congress gives this authority or designates this notion in the statute? what it says is these institutions are too big to fail. so not only are we worried about the too big to fail but we have made the problem worse by actually embedded in the statute for these banking institutions and promoting the fsoc to designate certain institutions and we understand just from reading the newspapers that they have for the large insurance companies and in one case a finance company to be designated as too big to fail. what does it mean? what effect does that have? on the creditors will get these institutions and much safer investments than others. first of all once they are so designated they are supposed to be regulated stringently by the fed to really don't know what stringent
today on the job market really mean? >> this is a great number for the economy. it basically mirrors what we're seeing in the growth of the gdp. we're seeing the trend moving in the right direction. the numbers have been improving for 29 consecutive months in terms of jobs growth. however, at the same anemic pace we're seeing with gdp. gdp of 2% or less. we're seeing job growth averaging somewhere around $150,000. i would point out that the positive revisions to the two previous months actually bowie the numbers overall. a good number for the economy. jenna: 150,000 jobs added what we're seeing every month. some people say listen that is barely enough to keep up with population growth. why isn't it faster, bob? why aren't we seeing more growth, more jobs? >> because corporations are holding money on their books. though don't know what the regulatory overhang is going to be. they don't know the outcome of the election and they don't know associated costs for things like health care, as well as other benefits that are out there. so rather than make the investment in employees, they're
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